Summit Materials Stock: A Deep Dive Into Analyst Perspectives (13 Ratings)
Portfolio Pulse from Benzinga Insights
Summit Materials (NYSE:SUM) has been evaluated by 13 analysts over the last three months, showing a diverse range of opinions. The average 12-month price target for SUM is $44.92, with a high estimate of $53.00 and a low of $38.00, marking a 5.84% increase from the previous target of $42.44. Analysts from firms like Truist Securities, RBC Capital, Barclays, Goldman Sachs, JP Morgan, and Stephens & Co. have updated their ratings and price targets, reflecting a generally positive outlook. Summit Materials, engaged in the production and sale of construction materials, shows a positive revenue trend with a 19.53% growth rate as of December 31, 2023, but faces challenges in net margin, ROE, ROA, and debt management.
April 02, 2024 | 3:00 pm
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Summit Materials has received diverse analyst ratings with a positive shift in the average 12-month price target to $44.92. The company shows strong revenue growth but faces profitability and debt management challenges.
The increase in the average price target and the positive revenue trend suggest a bullish outlook for SUM in the short term. However, concerns about net margin, ROE, ROA, and a high debt-to-equity ratio could temper gains. The diverse analyst opinions indicate a general optimism but also caution, making the short-term impact likely positive but with potential volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100